DEPOSIT OF NET PRACTICE REVENUES Sample Clauses

DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Practice location, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager, of which Manager shall be the owner and from which Manager shall have the sole right to make withdrawals to pay Practice Expenses and Incentive Compensation (as defined in Section 5.1) on a monthly basis and, at the direction of Practice, to transfer pursuant to Section 5.2 remaining Net Practice Revenues by the fifteenth day of each month in arrears to an account designated by Practice from which Practice will pay Physician Expenses. Manager shall maintain its accounting records in such a way as to clearly segregate Net Practice Revenues from other funds of Manager. Practice and Manager hereby agree to execute from time to time such documents and instructions as shall be required by the Credit Facility Lender (as defined in Section 5.4(b)) and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions.
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DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Medical Offices, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager; provided that Medicare, Medicaid and CHAMPUS collections shall be deposited into a separate bank account in the name of Practice as provided in the Billing Agreement. Manager shall be the owner of the account (other than the account under the Billing Agreement) and have the sole right to make daily transfers to its operating or other account with its "Credit Facility Lender" (as defined in Section 5.2(b)) and to make withdrawals to pay Practice Expenses on a monthly basis. Manager will transfer pursuant to Section 5.1 an amount equal to the excess of Net Practice Revenues over Practice Expenses by the 25th day of each month with respect to the preceding calendar month to an account designated by Practice from which Practice will pay Physician Expenses and for any other purposes Practice may determine from time to time. Any funds in the Physician Deposit Account which are not made available to Manager due to any revocation of its authority under the Billing Agreement shall be deemed delivered to Practice for purposes of this section. Manager shall maintain its accounting records in such a way as to clearly segregate the deposit of Net Practice Revenues and the payment of Practice Expenses and other transfers from such deposit account from other funds of Manager. Practice and Manager hereby agree to execute from time to time such documents and instructions as shall be required by the Credit Facility Lender and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions.
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DEPOSIT OF NET PRACTICE REVENUES. To the extent permitted by law, and subject to paragraph 2.4.1 herein, during the term of this Agreement, all Net Practice Revenues, as defined herein, shall be deposited directly into a bank account at a bank mutually agreed upon by the parties (the "Bank"), from which the Management Company shall have the sole right to make withdrawals (the "Account"). The Management Company shall maintain its accounting records in such a way as to clearly segregate Net Practice Revenues from other funds of the Management Company. The P.C. hereby appoints the Management Company as its true and lawful attorney-in-fact to deposit in the Account all Net Practice Revenues collected and to make withdrawals from the Account. The P.C. and the Management Company hereby agree to execute from time to time such documents and instructions as shall be required by the Bank and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions with respect to payment for the Management Services during any extended term of this Agreement.
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DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Medical Offices, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager; provided that Medicare, Medicaid and CHAMPUS collections shall be deposited into a separate bank account in the name of Practice as provided in the Billing Agreement. Manager shall be the owner of the account (other than the account under the Billing Agreement) and have the sole right to make daily transfers to its operating or other account with its "Credit Facility Lender" (as defined in Section 5.2(b)) and to make withdrawals to pay Practice Expenses on a monthly basis. Manager will transfer pursuant to Section 5.1 an amount equal to the excess of Net Practice Revenues over Practice Expenses by the 25th day of each month with respect to the preceding calendar month to an account designated by Practice from which Practice will pay Physician Expenses and for any other purposes Practice may determine from time to time. Any funds in the Physician Deposit Account which are not made available to Manager due to any revocation of its authority under the Billing Agreement shall be
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DEPOSIT OF NET PRACTICE REVENUES. Compensation (as defined in Section 5.1) on a monthly basis and, at the direction of Practice, to transfer pursuant to Section 5.2 remaining Net Practice Revenues by the fifteenth day of each month in arrears to an account designated by Practice from which Practice will pay Physician Expenses. Manager shall maintain its accounting records in such a way as to clearly segregate Net Practice Revenues from other funds of Manager. Practice and Manager hereby agree to execute from time to time such documents and instructions as shall be required by the Credit Facility Lender (as defined in Section 5.4(b)) and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions.
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DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Practice location, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager, which depository account shall be segregated from other accounts of Manager. Manager shall be the owner of the account and have the sole right to make daily transfers to its operating or
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Related to DEPOSIT OF NET PRACTICE REVENUES

  • Federal Reserve Regulations; Use of Proceeds (a) Neither the Company nor any Subsidiary of the Company is engaged principally in the business of extending, maintaining or arranging credit for the purpose of purchasing or carrying any "margin stock" (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended from time to time).

  • Collect Revenues, Apply Accounts Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

  • Collection of Taxes, Assessments and Similar Items; Servicing Accounts; Reserve Accounts (a) Each Master Servicer shall establish and maintain one or more segregated accounts (“Servicing Accounts”), in which all Escrow Payments received by it with respect to any Serviced Mortgage Loans or Serviced Pari Passu Companion Loan, shall be deposited and retained, separate and apart from its own funds. Subject to any terms of the related Mortgage Loan Documents that specify the nature of the account in which Escrow Payments shall be held, each Servicing Account shall be an Eligible Account. As and to the extent consistent with the Servicing Standard, applicable law and the related Mortgage Loan Documents, the applicable Master Servicer may make withdrawals from the Servicing Accounts maintained by it, and may apply Escrow Payments held therein with respect to any Serviced Mortgage Loan or Serviced Pari Passu Companion Loan (together with interest earned thereon), only as follows: (i) to effect the payment of real estate taxes, assessments, insurance premiums (including, premiums on any Environmental Insurance Policy), ground rents (if applicable) and comparable items in respect of the related Mortgaged Property; (ii) to reimburse the applicable Master Servicer, the applicable Special Servicer or the Trustee, as applicable, for any unreimbursed Servicing Advances made thereby with respect to such Mortgage Loan or Serviced Pari Passu Companion Loan to cover any of the items described in the immediately preceding clause (i); (iii) to refund to the related Borrower any sums as may be determined to be overages; (iv) to pay interest or other income, if required and as described below, to the related Borrower on balances in the Servicing Account (or, if and to the extent not payable to the related Borrower to pay such interest or other income (up to the amount of any Net Investment Earnings in respect of such Servicing Account for each Collection Period) to the applicable Master Servicer); (v) disburse Insurance Proceeds if required to be applied to the repair or restoration of the related Mortgaged Property, (vi) after an event of default, to pay the principal of, accrued interest on and any other amounts payable with respect to such Mortgage Loan or Serviced Pari Passu Companion Loan; (vii) to withdraw amounts deposited in the Servicing Account in error; or (viii) to clear and terminate the Servicing Account at the termination of this Agreement in accordance with Section 9.01. The applicable Master Servicer shall pay or cause to be paid to the related Borrowers interest and other income, if any, earned on the investment of funds in Servicing Accounts maintained thereby, if and to the extent required by law or the terms of the related Mortgage Loan Documents. If a Master Servicer shall deposit in a Servicing Account maintained by it any amount not required to be deposited therein, it may at any time withdraw such amount from such Servicing Account, any provision herein to the contrary notwithstanding. Promptly after any Escrow Payments are received by the applicable Special Servicer from the Borrower under any Serviced Mortgage Loan or Serviced Pari Passu Companion Loan, and in any event within one Business Day after any such receipt, such Special Servicer shall remit such Escrow Payments to the applicable Master Servicer for deposit in the applicable Servicing Account(s).

  • Gross Revenues All revenues, receipts, and income of any kind derived directly or indirectly by Lessee from or in connection with the Hotel (including rentals or other payments from tenants, lessees, licensees or concessionaires but not including their gross receipts) whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding, however: (i) funds furnished by Lessor, (ii) federal, state and municipal excise, sales, and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes and paid over to federal, state or municipal governments, (iii) the amount of all credits, rebates or refunds to customers, guests or patrons, and all service charges, finance charges, interest and discounts attributable to charge accounts and credit cards, to the extent the same are paid to Lessee by its customers, guests or patrons, or to the extent the same are paid for by Lessee to, or charged to Lessee by, credit card companies, (iv) gratuities or service charges actually paid to employees, (v) proceeds of insurance and condemnation, (vi) proceeds from sales other than sales in the ordinary course of business, (vii) all loan proceeds from financing or refinancings of the Hotel or interests therein or components thereof, (viii) judgments and awards, except any portion thereof arising from normal business operations of the Hotel, and (ix) items constituting “allowances” under the Uniform System.

  • Collection Practices; Escrow Deposits The origination and collection practices used with respect to the Mortgage Loan have been in accordance with Accepted Servicing Practices, and have been in all material respects legal and proper. With respect to escrow deposits and Escrow Payments, all such payments are in the possession of the Company and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made. All Escrow Payments have been collected in full compliance with state and federal law. No escrow deposits or Escrow Payments or other charges or payments due the Company have been capitalized under the Mortgage Note;

  • Xxxx and Xx Xxxxxxxx: Pursuant to Section 1(i) of the Investment Management Trust Agreement between Climate Real Impact Solutions II Acquisition Corporation (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2021 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with [__________] (the “Target Business”) to consummate a business combination with the Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least seventy-two (72) hours in advance (or such shorter time as you may agree) of the actual date of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account and transfer the proceeds to a segregated account held by you on behalf of the Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Operating Account at XX Xxxxxx Chase Bank, N.A. will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date (including as directed to it by the Representatives on behalf of the Underwriters (with respect to the Deferred Discount)). It is acknowledged and agreed that while the funds are on deposit in the trust operating account at X.X. Xxxxxx Xxxxx Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) a certificate of the Chief Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders, if a vote is held and (b) a joint written instruction signed by the Company and the Representatives with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed to public stockholders who have properly exercised their redemption rights and payment of the Deferred Discount to the Representatives from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated. In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in such notice as soon thereafter as possible. Very truly yours, Climate Real Impact Solutions II Acquisition Corporation By: Name: Title: cc: Barclays Capital Inc. BofA Securities, Inc. EXHIBIT B [Letterhead of Company] [Insert date] Continental Stock Transfer & Trust Company 0 Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Xxxxxxx Xxxx and Xxxxxxx Xxxxxxxx Re: Trust Account - Termination Letter

  • Xxxx-Xxxxx Act Borrower will comply with the applicable requirements of the Xxxx-Xxxxx Act in purchasing any Replacement Cap Agreement.

  • Federal Reserve Regulations; Use of Loan Proceeds Except for the Federal Reserve Form to be executed and delivered by the Borrower, no filing or other action is required under the provisions of Regulations T, U or X in connection with the execution and delivery by the Borrower of this Credit Agreement and neither the making of any Loan in accordance with this Credit Agreement nor the use of the proceeds thereof, will violate or be inconsistent with the provisions of Regulations T, U or X.

  • Deposit of Collections The Borrower shall promptly (but in no event later than two Business Days after receipt) deposit or cause to be deposited into the Collection Account any and all Available Collections received by the Borrower, the Servicer or any of their Affiliates.

  • Deposit of Fund Assets in U.S. Securities Systems The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System in compliance with the conditions of Rule 17f-4 under the 1940 Act, as amended from time to time.

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